Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2400 Mccoll Rd McAllen, TX 78503

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2400 Mccoll Rd McAllen, TX 78503

    View on Map
    • Retail properties & Spaces
    • 4,656 SF
    • 1.79 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 7-Eleven / Gas Station

    Property Details for 2400 Mccoll Rd

    Year built
    2023
    Lot size
    1.79 lot acres
    Property size
    4,656 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional Class A retail investment presents a compelling opportunity. Located at 2400 S McColl Rd, McAllen, TX 78503, this 4,656 square foot, newly constructed (2023) convenience store and gas station boasts a strong 5.10% cap rate and a substantial NOI of $286,803. The property sits on a 1.79-acre lot in a high-traffic area with over 32,000 vehicles daily. Benefitting from a long-term absolute NNN lease with a corporate guarantee (7-Eleven, Wawa, Circle K, Sheetz) extending until August 31, 2038 (13.8 years remaining), the lease includes 7.5% rent bumps every five years. The property's strategic location near I-2, a major hospital, the McAllen International Airport, and La Plaza Mall, ensures consistent high traffic and strong tenant performance. Significant tax advantages are available through accelerated depreciation and cost segregation, further enhancing the investment's appeal. The affluent area boasts an average household income exceeding $90,000 within a one-mile radius and a population exceeding 216,000 within five miles, projected to grow by 8-10% by 2029. This property offers a rare combination of strong tenant, prime location, and significant financial benefits, making it an ideal addition to any portfolio. The tenant is ranked among the Fortune Global 500 and holds an "A" S&P investment grade credit rating.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2175
    Latitude
    26.1784

    Comparable in this City

    • Value Estimation by Request
      5,130 SF

      4524 Ware Rd

      CONVENIENCE STORE • 5,130 SF
      4524 Ware Rd, Mcallen, TX 78503-7792
      View Details
    • Value Estimation by Request
      3,466 SF

      2620 23rd St

      CONVENIENCE STORE • 3,466 SF
      2620 23rd St, Mcallen, TX 78503-5668
      View Details
    • Value Estimation by Request
      3,805 SF

      1600 23rd St

      CONVENIENCE STORE • 3,805 SF
      1600 23rd St, Mcallen, TX 78503-5649
      View Details
    • Value Estimation
      $590,000
      4,888 SF

      3939 Expy 83

      CONVENIENCE STORE • 4,888 SF
      3939 Expy 83, Mcallen, TX 78503
      View Details
    • Value Estimation by Request
      2,256 SF

      4518 23rd St

      CONVENIENCE STORE • 2,256 SF
      4518 23rd St, Mcallen, TX 78503-7565
      View Details
    • Value Estimation by Request
      2,801 SF

      2804 23rd St

      CONVENIENCE STORE • 2,801 SF
      2804 23rd St, Mcallen, TX 78503
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Commercial Land Available

      Commercial land suitable for retail, restaurant, banking, and hospitality.
      717 E Ridge Rd E, McAllen, TX 78503
      View Details
    • $5,000,000
      13,585 SF

      Established Restaurant in High Traffic

      Well-established restaurant in McAllen, TX, near hotels and airport.
      601 Expressway 83 W, McAllen, TX 78503
      View Details
    • Contact for pricing
      5,650 SF

      Retail Space Available For Sale

      Retail space for sale with 5.00% CAP rate.
      3400 S Jackson Rd, McAllen, TX 78503
      View Details
    • Contact for pricing
      33,465 SF

      Former Fitness Anchor on Highway

      33,465 SF three-story building with high visibility.
      4037 Expressway 83 W, McAllen, TX 78503
      View Details
    • Contact for pricing
      27,465 SF

      Sharyland Plantation Commercial Opportunity

      Office and industrial complex use in Sharyland Business Park.
      4600 W Military Hwy, McAllen, TX 78503
      View Details
    • $425,000
      3,850 SF

      Established Automotive Shop Opportunity

      Long-standing auto mechanic shop available for sale.
      215 N 2Nd St, McAllen, TX 78503
      View Details

    Similar Nearby for Lease

    • $11,122 /Mo

      Restaurant Space Near La Plaza

      Restaurant space for rent in front of a major mall.
      2011 S 10Th St, McAllen, TX 78503
      View Details
    • $24 SF/Yr
      21,500 SF

      Prime Retail Space in McAllen

      High-visibility retail space available in a busy McAllen center.
      2017 S 10Th St, McAllen, TX 78503
      View Details
    • $3,322 /Mo
      1,661 SF

      McAllen Commercial Space For Lease

      1,661 Sqft commercial space suitable for medical, retail, professional services.
      2801 West Expy 83 Fwy, McAllen, TX 78503
      View Details
    • $6,250 /Mo
      2,400 SF

      Hidalgo Commercial Space For Rent

      Custom-built commercial space in high-traffic area, ideal for various businesses.
      2345 Military Hwy, Hidalgo, TX 78503
      View Details
    • Contact for pricing

      Sharyland Plantation Commercial Space Available

      Premium location suitable for retail, office, or light industrial use.
      4600 W Military Hwy, McAllen, TX 78503
      View Details
    • Contact for pricing

      Retail Spaces with Central Lawn

      Retail spaces available on a 25+ acre main street.
      3559 W Frontage Rd W, McAllen, TX 78503
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2400 Mccoll Rd
    McAllen, TX 78503
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!